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Top U.S. Bitcoin miners report strong May performance and infrastructure growth
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Top U.S. Bitcoin miners report strong May performance and infrastructure growth

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Some of the largest U.S.-based Bitcoin miners—CleanSpark, MARA, and Riot Platforms—released their May 2025 operational updates today, reporting solid gains.

All three companies reported month-over-month gains in Bitcoin (BTC) production, infrastructure development, and strategic positioning in the post-halving market.

CleanSpark produced 694 BTC in May and reached a hashrate of 45.6 EH/s, a 7.5% increase from the previous month. The company also announced it now holds 12,502 BTC, double its treasury from a year ago, with all reserves mined directly. 

CleanSpark expanded its contracted power capacity to 987 megawatts and is on track to become the first public miner to hit 50 EH/s with fully self-operated infrastructure. 

CEO Zach Bradford said CleanSpark’s infrastructure-first model is built to support scaling beyond 60 EH/s while maintaining full operational control.

MARA, meanwhile, reported its strongest month since the April 2024 halving. The company produced 950 BTC in May, up 35% from April, and earned 282 blocks—a 38% month-over-month increase. 

MARA’s BTC holdings now exceed 49,000, with its self-operated MARA Pool contributing significantly through above-average block reward “luck” and operational efficiencies. 

CEO Fred Thiel emphasized MARA’s vertically integrated model as key to driving down costs and optimizing energy use.

Riot Platforms mined 514 BTC in May, marking an 11% increase from April. In addition to mining growth, Riot is investing heavily in its data center business. 

The company finalized the acquisition of 355 acres near its Corsicana site in Texas to build high-performance computing data centers aimed at enterprise and hyperscale clients. Riot also appointed Jonathan Gibbs, a veteran in the sector, as Chief Data Center Officer to lead the development of the new platform.

Together, the three miners are adapting to the post-halving environment by doubling down on infrastructure, vertical integration, and strategic treasury management. 



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US markets close green as Trump tariff drama muddies outlook
Crypto Trends

Dow gains 214 points, markets end higher as strong labor data eases tariff concerns

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U.S. stocks climbed Tuesday, buoyed by stronger-than-expected labor data and optimism around potential U.S.-China trade talks, which helped offset economic growth warnings from the OECD. 

The Dow Jones Industrial Average rose 214 points, or 0.51%, while the S&P 500 gained 0.58%. The tech-heavy Nasdaq outperformed, rising 0.81%, powered by a rally in chip stocks led by Nvidia

A surprise uptick in April’s job openings, reported in the JOLTS update, reassured investors about labor market resilience even as tariff hikes take hold. Openings rose to 7.39 million, setting a positive tone ahead of Friday’s May jobs report. 

Hiring rates also increased, signaling continued labor market strength despite growing economic uncertainty.

OECD’s growth forecast 

The gains came despite the OECD slashing its 2025 U.S. growth forecast to 1.6% from 2.2%, citing the dampening effect of President Trump’s tariff plans on investment and confidence. Global growth was also revised lower, with trade-policy uncertainty weighing on activity. 

China’s factory sector posted its worst performance since 2022, reflecting the impact of renewed trade tensions.

Markets looked past the gloom, focusing instead on signs that Trump and Chinese President Xi Jinping may speak this week. That possibility, along with indications that Trump may soften some tariff plans, helped fuel a rally in semiconductor stocks. 

Nvidia jumped over 3%, reclaiming its position as the world’s most valuable company, while Broadcom and Micron gained more than 2% and 4%, respectively.

Investors are also watching developments on Trump’s tax-and-spending bill and awaiting second-quarter GDP and earnings data in July. Meanwhile, Robinhood shares rose 5.5% after closing its acquisition of crypto exchange Bitstamp. European stocks also advanced, and U.S. Treasury yields slipped.

While markets remain volatile, Tuesday’s gains reflect cautious optimism that trade tensions may cool and economic momentum can hold through summer.



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Why did Bitcoin just hit an all-time high?
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Bitcoin structurally strong despite major pullback: Bitfinex analysts

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Bitcoin has seen a major pullback from its all-time high of $111,880, as a macroeconomic reversal wipes out futures traders.

Bitcoin (BTC) remains strong after a pullback from a major rally, states a report by Bitfinex analysts, released on Monday, June 2. After reaching its all-time high of $111,880 with a 50% rally in just 45 days, the asset has encountered significant macroeconomic pressure.

Notably, reinstated tariffs resulted in a sharp spike in Treasury yields, with 30-year Treasury yields rising above 5 percent. These factors are fueling risk-off sentiment, which is affecting both stocks and Bitcoin. Moreover, the Bitcoin derivatives market, Bitfinex analysts explain, is likely overheated. Still, the report suggests that Bitcoin remains in a strong position.

“Despite the pullback, we believe Bitcoin remains structurally strong. This correction appears to be a healthy reset rather than a breakdown—driven by leverage flushing and profit realisation after one of the sharpest recoveries in crypto history,” Bitfinex report.

Bitcoin faces macro uncertainty, profit taking

Bitfinex analysts note that open interest rose to an all-time high of $49.4 billion, indicating that traders are increasingly hedging their bets and speculating on the asset. In both cases, this suggests that traders are anticipating more volatility.

Adding to this narrative is a decline in consumer spending, driven by growing concerns over the effects of tariffs. At the same time, unrealized profitable positions in Bitcoin have risen to historic levels, likely leading to significant profit taking ahead.

Bitcoin short-term holder realized price | Source: Bitfinex

“On-chain metrics corroborate this: the Relative Unrealised Profit indicator has broken above its +2 standard deviation band, a historically euphoric zone that typically precedes sharp intraday swings and local tops,” Bitfinex report.

Despite these risks, other developments suggest that Bitcoin remains in a strong position. Notably, institutional adoption is picking up, with more and more companies diversifying into Bitcoin. One of them is GameStop, which invested $513 million in BTC, in an effort to diversify from its declining core business.



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CoinDesk Bot
NFT Gaming

APT Finds Strong Support After 10% Drop

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The cryptocurrency market faces renewed pressure as global economic tensions intensify, with APT experiencing significant volatility amid broader market uncertainty.

After dropping over 10% from $5.058 to $4.548, APT has begun stabilizing at critical support levels, showing resilience despite macroeconomic headwinds.

Trading volumes peaked during the sell-off period but have since shifted toward accumulation patterns, suggesting institutional interest remains despite the turbulent global economic landscape.

Technical Analysis Highlights

  • APT experienced a substantial 10.08% correction, dropping from 5.058 to a low of 4.548 before staging a recovery.
  • Sell-off intensified during the 22:00-00:00 period with above-average volume (2.7M-2.9M).
  • Strong support established at the 4.55-4.60 zone where buyers emerged.
  • Recovery phase showed consistent accumulation with price stabilizing between 4.60-4.70.
  • Bullish move toward 4.75 during final hours on increased volume suggests renewed buying interest.
  • Hourly price action formed a rounded bottom pattern before rallying in the final minutes.
  • Substantial volume spikes at 14:01-14:02 (55K-32K) pushed prices back above 4.70.
  • Hourly consolidation between 4.686-4.750 indicates stabilization attempts after the correction.

External References



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Elden Ring Nightreign gets strong start on Steam, despite Mixed reaction
Game Updates

Elden Ring Nightreign gets strong start on Steam, despite Mixed reaction

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UPDATE 4.30pm UK: Elden Ring Nightreign has had two million players in its first day.

FromSoftware shared the news on social media, celebrating the co-operative spin-off’s launch day.

A second patch is due next week to improve the game for solo players, following a backlash against the multiplayer game.

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ORIGINAL STORY 11am UK: Elden Ring Nightreign, released today, is off to an immediately strong start on Steam.

The online co-op spin-off has already reached a peak concurrent player count of 313,593 players within its first few hours of availability.

It’s also sitting comfortably in the top five most played games of the last 24 hours.

Elden Ring Nightreign For Dummies: Basics For EVERYTHING You Need to Know (But Were Afraid to Ask)Watch on YouTube

Of course, Steam’s most played games list tends to be dominated by multiplayer games – by their nature, they attract more players.

By contrast, the original Elden Ring has a peak concurrent player count of 953,426, sitting at ninth in the all-time most played games.

Still, there’s clearly interest in FromSoftware’s multiplayer experiment, although user reviews so far are “Mixed”. Many are complaining about the inability to play with two players, as well as the poor communication options without voice chat.

“No duo option, had random people join to just run off and do their own thing. Let me duo with my mate…” reads one particular review.

Indeed, the game is at its best when played with three friends. It’s possible to play solo, but isn’t recommended.

FromSoftware has stated it’s considering a two-player option in future, admitting it was “overlooked” during development.

The game is also available across PS4, PS5, Xbox One and Xbox Series X/S.

A day one patch is available to download, which brings balance adjustments and bug fixes. However, FromSoftware has warned some PC configurations using the latest graphics cards may experience frame rate drops.

“FromSoftware’s multiplayer spin-off is an exhilarating rush and a celebration of the studio’s prior achievements Souls veterans will devour,” reads our Elden Ring Nightreign review.

Looking for help? We’ve got you covered with our Elden Ring Nightreign tips and tricks.



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Analysts predict XMR and XYZ could see 3x gains due to strong Bitcoin market correlation
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Analysts predict XMR and XYZ could see 3x gains due to strong Bitcoin market correlation

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Analysts forecast XMR and XYZ could triple in value, linked to Bitcoin trends, sparking investor attention and optimism.

Analysts forecast that XMR and XYZ could potentially triple in value. This prediction is based on their strong connection to Bitcoin’s current market trends. The possibility of such significant gains has captured the attention of investors and market observers. Could these cryptocurrencies be poised for remarkable growth in the near future?

XYZVerse is redefining memecoins: Could this be the next 50x breakout?

The hype is building fast around XYZVerse, a rising memecoin that’s blending sports fandom with crypto culture — and early signs suggest it’s not just hype. With bold ambitions and a unique approach, the project is eyeing a massive 50X surge post-launch.

Early presale access: Big discount, bigger potential

The presale is heating up, offering XYZ tokens at a steep discount compared to the projected listing price. As of Stage 12, the token has already jumped from $0.0001 to $0.003333, with over 70% of the $15 million presale target raised. The final presale price is set at $0.10, giving early investors a chance to lock in serious upside.

XYZVerse has already earned a spot on CoinMarketCap, where community sentiment is overwhelmingly positive, 95% of voters expect the token to grow. Influencers are also taking notice. DanjoCapitalMaster, who commands nearly 800,000 followers, recently endorsed XYZVerse as a “moonshot opportunity.”

Not just another memecoin, it’s a movement

Unlike most memecoins that rely on hype alone, XYZVerse is creating a real niche, merging the energy of global sports with the virality of meme culture. This unique positioning is driving rapid presale progress and attracting a growing wave of early believers.

Backed by strong tokenomics and real utility

XYZVerse isn’t just chasing momentum, it’s building with intention. Its tokenomics are designed for longevity, including:

  • 15% allocated to liquidity for post-launch stability
  • 10% reserved for community airdrops and rewards
  • 17.13% dedicated to deflationary burns to help drive long-term demand

The team is also actively engaging its audience, launching an Ambassador Program that rewards community advocates with free tokens. Plans are underway to onboard sports personalities and expand visibility even further.

Real partnerships, real use cases

A major step forward came with the partnership with bookmaker.XYZ, a decentralized sportsbook platform. This move brings real-world utility to the token, letting the community go beyond speculation and actually use XYZ in a sports-betting ecosystem.

As part of the partnership, XYZ holders unlock an exclusive bonus on their first bet, an added incentive that rewards early supporters and deepens the token’s real-world utility.

By bridging the gap between traditional sports culture and the high-speed world of crypto, XYZVerse is creating more than just another memecoin, it’s crafting a dynamic, entertainment-driven ecosystem built for real engagement.

Is XYZVerse the next big memecoin?

With a surging presale, an active community, and a bold roadmap, XYZVerse checks all the boxes for breakout potential. While nothing in crypto is ever guaranteed, many see this as a rare chance to get in early on a project with serious upside.

Don’t miss the run, XYZVerse might just be the next moonshot

Monero

Monero (XMR) has experienced significant price movement recently. Over the past six months, its price has surged by 115.45%. In the last month, it climbed 32.98%. However, the past week saw a decline of 13.03%, indicating some short-term volatility.

Currently, XMR is trading between $363.54 and $447.06. The nearest resistance level is $475, and the nearest support is at $308.04. If the price breaks above $475, it may target the second resistance at $559, an increase of about 18%. If it falls below support, it could drop to the second support at $224.52. The Relative Strength Index (RSI) is at 42.28, suggesting the coin is approaching oversold conditions, which might signal a potential price rise.

With a 10-day Simple Moving Average of $347.51 below the 100-day SMA of $385.54, there is a short-term bearish signal. The MACD level at -3.8161 supports this, while the Stochastic at 57.76 is neutral. These indicators suggest Monero may consolidate before moving significantly. Given its strong performance over recent months, if XMR breaks above resistance, it could continue its upward trend.

Conclusion

While XMR could triple due to Bitcoin’s rise, XYZVerse offers greater potential with its sports memecoin ecosystem, aiming for 20,000% growth and community-led success.

To learn more about XYZVerse, visit the website, Telegram, and Twitter.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.





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CoinDesk Bot
NFT Gaming

AVAX Slides 7%, Hits Strong Resistance at $22.35 Level

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The cryptocurrency market is experiencing significant downward pressure as global economic uncertainties impact digital assets across the board. Avalanche (AVAX) has been particularly affected, with increased selling occurring at high volume, establishing strong resistance at the $22.35 level.

New Jersey’s Bergen County announced on Wednesday that it plans to digitize all property deeds on the Avalanche network under a five-year agreement with blockchain software firm Balcony.

Technical Analysis

• Significant bearish momentum with price dropping from $23.04 to $21.48, representing a 6.78% loss over 24 hours.

• Strong volume-based resistance established at the $22.35 level with exceptionally high volume (2.24M).

• Multiple recovery attempts were rejected at the $21.88 zone, forming a clear resistance ceiling.

• Support emerged around $21.32-$21.40 with increasing buy volume.

• Price briefly rallied to $21.53 on high volume.

• Multiple support tests around $21.45-$21.47 suggest consolidation forming.



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Altcoin Season Odds Grow Strong As Alts Break Free From Bitcoin’s Shadow
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Altcoin Season Odds Grow Strong As Alts Break Free From Bitcoin’s Shadow

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

With Bitcoin’s remarkable dominance of the crypto market, speculations were whether an Altcoin Season (Altseason) could occur in the ongoing bull cycle. However, recent developments are pointing to a possible altseason, which crypto experts believe could be one of the biggest phases for alts so far.

Bitcoin Correlations With Altcoins Weakens

As current market trends fluctuate, key indicators are starting to point to a potential shift from a Bitcoin season to an Altcoin Season. João Wedson, an on-chain expert and founder of the analytics platform Alphractal, shed light on the likelihood of an altseason, claiming it is happening this cycle.

After delving into the Altcoin Season Index vs Bitcoin, the on-chain expert noted that the cryptocurrency market may be on the cusp of a major shift. Presently, the market is about to reach a point where a large number of altcoins will no longer follow Bitcoin’s trajectory as often observed in past cycles.

According to Wedson, these digital assets are now charting their own path, stating they’ve become stubborn, suggesting a unique season for alts. This increasing decoupling from Bitcoin’s price trajectory has sparked new conjecture that an altseason, which is traditionally characterized by notable gains in non-BTC assets, may be rapidly approaching.

Altseason taking shape | Source: João Wedson on X

The expert stated that while BTC is at all-time highs, most altcoins have limited room to fall, with the exception of a few of the top market-cap coins. Such a development usually marks the beginning of a phase in which capital begins to flow into non-BTC assets.

Considering the current trend, the expert is confident that an altseason at this point is inevitable. When the season finally occurs, it is expected to run quickly, and the rotation will continue regardless of whether BTC’s price rises or falls in the near future.

In the meantime, Wedson has issued a stark warning to investors about potential volatility as they continue to hold on to Bitcoin and stablecoins in the current market state. “From a big trader or fund manager’s perspective, there’s little sense in holding BTC or stablecoins exclusively right now,” the expert stated.

A Massive Altseason On The Horizon

A recent analysis from crypto analyst and trader Mags reveals that the crypto market is about to enter an altcoin season in the following weeks. His bold analysis is based on past cycle trends involving an RSI (Relative Strength Index) + MACD (Moving Average Convergence Divergence) Confluence.

Following an RSI + MACD confluence in the 2021 market cycle, BTC witnessed a sharp decline in its market dominance, which paved the way for an altseason. With the setup reappearing, the analyst anticipates a similar result. However, this time, Mags claims that the development might lead to the biggest altseason of this cycle.

Overall market cap excluding BTC at $1.18 trillion | Source: TOTAL2 on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Analyst predicts XMR, XYZ could see 3x gains due to strong BTC market correlation
GameFi Guides

Analyst predicts XMR, XYZ could see 3x gains due to strong BTC market correlation

by admin



Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Analysts see Monero tripling in value, but all eyes are on XYZVerse, a rising sports-themed memecoin aiming for a 50x breakout with real utility and surging presale momentum.

An analyst forecasts that XMR and XYZ could potentially triple in value. This prediction is based on their strong connection to Bitcoin’s current market trends. The possibility of such significant gains has captured the attention of investors and market observers. Could these cryptocurrencies be poised for remarkable growth in the near future?

XYZVerse redefines memecoins: The next 50x breakout?

The hype is building fast around XYZVerse, a rising memecoin that’s blending sports fandom with crypto culture, and early signs suggest it’s not just hype. With bold ambitions and a unique approach, the project is eyeing a massive 50x surge post-launch.

The presale is heating up, offering XYZ tokens at a steep discount compared to the projected listing price. As of Stage 12, the token has already jumped from $0.0001 to $0.003333, with over 70% of the $15 million presale target raised. The final presale price is set at $0.10, giving early investors a chance to lock in serious upside.

XYZVerse has already earned a spot on CoinMarketCap, where community sentiment is overwhelmingly positive, 95% of voters expect the token to grow. Influencers are also taking notice. DanjoCapitalMaster, who commands nearly 800,000 followers, recently endorsed XYZVerse as a “moonshot opportunity.”

Unlike most memecoins that rely on hype alone, XYZVerse is creating a real niche, merging the energy of global sports with the virality of meme culture. This unique positioning is driving rapid presale progress and attracting a growing wave of early believers.

XYZVerse isn’t just chasing momentum, it’s building with intention. Its tokenomics are designed for longevity, including:

  • 15% allocated to liquidity for post-launch stability
  • 10% reserved for community airdrops and rewards
  • 17.13% dedicated to deflationary burns to help drive long-term demand

The team is also actively engaging its audience, launching an Ambassador Program that rewards community advocates with free tokens. Plans are underway to onboard sports personalities and expand visibility even further.

A major step forward came with the partnership with bookmaker.XYZ, a decentralized sportsbook platform. This move brings real-world utility to the token, letting the community go beyond speculation and actually use XYZ in a sports-betting ecosystem.

As part of the partnership, XYZ holders unlock an exclusive bonus on their first bet, an added incentive that rewards early supporters and deepens the token’s real-world utility.

By bridging the gap between traditional sports culture and the high-speed world of crypto, XYZVerse is creating more than just another memecoin, it’s crafting a dynamic, entertainment-driven ecosystem built for real engagement.

With a surging presale, an active community, and a bold roadmap, XYZVerse checks all the boxes for breakout potential. While nothing in crypto is ever guaranteed, many see this as a rare chance to get in early on a project with serious upside.

Monero surges forward

Monero (XMR) has experienced significant price movement recently. Over the past six months, its price has surged by 115.45%. In the last month, it climbed 32.98%. However, the past week saw a decline of 13.03%, indicating some short-term volatility.

Currently, XMR is trading between $363.54 and $447.06. The nearest resistance level is $475, and the nearest support is at $308.04. If the price breaks above $475, it may target the second resistance at $559, an increase of about 18%. If it falls below support, it could drop to the second support at $224.52. The Relative Strength Index (RSI) is at 42.28, suggesting the coin is approaching oversold conditions, which might signal a potential price rise.

With a 10-day Simple Moving Average of $347.51 below the 100-day SMA of $385.54, there is a short-term bearish signal. The MACD level at -3.8161 supports this, while the Stochastic at 57.76 is neutral. These indicators suggest Monero may consolidate before moving significantly. Given its strong performance over recent months, if XMR breaks above resistance, it could continue its upward trend.

Conclusion

While XMR could triple due to Bitcoin’s rise, XYZVerse offers greater potential with its sports memecoin ecosystem, aiming for 20,000% growth and community-led success.

To learn more about XYZVerse, visit the website, Telegram, and Twitter.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.



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Helene Braun
Crypto Trends

Nvidia Reports Strong Results, but Outlook is Tempered

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Shares of Nvidia (NVDA) rose roughly 4% in post-trading hours after reporting better-than-expected earnings and revenue on Wednesday.

The AI powerhouse posted a 69% increase in revenue in the first quarter, compared to a year ago, with its data center business growing 73% year-over-year. Net income came in at $18.8 billion, up 26% from a year earlier.

The after-hours move pushed NVDA shares to a modest year-to-date gain and about a 20% year-over-year advance.

AI crypto tokens, including Bittensor , NEAR Protocol

and Internet Computer (CIP), moved slightly higher after Nvidia’s earnings beat, although remained sizably lower for the day. Nevertheless, it was ongoing AI demand which was a key driver in the 73% growth in the company data center business.

Turning to the outlook amid recent global trade uncertainties, Nvidia said it expects second-quarter revenue to come in below market estimates as a result of tariff-related restrictions between the U.S. and China.



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